Unemployment in Chile
Chile - UnemploymentGrowth dropped notably in the third quarter, after hitting a six-year high in the second quarter, amid faltering mining activity and weak external sector metrics. Mining GDP contracted for the first time in over a year in the quarter, largely as a result of lower copper output. In turn, this weighed on Chilean exports growth, which recorded the weakest print since Q2 2017. On the domestic front, private consumption lost some traction in Q3, against the backdrop of seven-year high unemployment and intensifying inflationary pressures. On a brighter note, a buoyant construction industry and sustained investment in machinery and equipment propped up solid fixed investment growth in Q3, which ticked up to an over five-year high. Overall, the fundamentals of the economy remain healthy with sequential data signaling a robust expansion in both consumption and investment activity in the third quarter.
Chile - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Chile Unemployment Chart
Source: National Statistical Insitute (INE) and FocusEconomics calculations
|Bond Yield||4.46||-0.44 %||Jan 14|
|Exchange Rate||673.7||0.05 %||Jan 14|
|Stock Market||27,065||-0.67 %||Jan 14|
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January 10, 2019
Copper prices fell in recent weeks after a soft recovery in the October–November period.
January 9, 2019
According to the National Statistical Institute (INE), consumer prices decreased by 0.1% month-on-month in December, after flat growth in November.
January 7, 2019
According to the IMACEC monthly economic activity index , economic activity rose 3.1% year-on-year in November, decelerating from the 4.2% increase logged in October.
January 7, 2019
The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) inched down to 44.6 points in December, from 44.9 points in November, the lowest reading in 16 months.
January 2, 2019
The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez inched down from 49.0 points in November to 48.8 points in December, staying below the crucial 50-point threshold that separates pessimism from optimism among businesses.